Acquisition

RNS Number : 3950G

Standard Life Invs Property Inc Tst

01 February 2010

 



To:              Company Announcements

Date:           1 February 2010

Company:    Standard Life Investments Property Income Trust Limited

Subject:       Acquisition

Standard Life Investments Property Income Trust is pleased to confirm it has completed on the purchase of a retail warehouse unit let to Focus for a further 24 years. 

The purchase price of £5.04m reflects a net initial yield of 8%, and the property generates an annual rent of £426,300pa. 

 

All Enquiries:

 

Jason Baggaley

Fund Manager

Standard Life Investments

Tel [phone]

 

 

The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL

 

Tel: [phone]

Fax: [phone]

 

END

 

 

ACQUKVNRRKAAUAR